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an expansion in the earned income tax credit. the proposal that you heard discussed that was -- we put out some details yesterday on would be the first major expansion of the earned income tax credit for people without dependent children since 1993. it would address so many policy issues that people have raised from house to encourage younger people to encourage work, help people with disabilities get back into the work force, and ensure that more people with the combination of the earned income tax credit, minimum wage don't work full-time and live in poverty or raise any family members in poverty. the president -- this is an important progression. 20 years ago there were 1.4 million americans being pulled out of poverty because of the earned income tax credit or similar refundable tax credits. today it is 10 million. that is one of the major progressive agreements in which the president has furthered both in his 2009 budget and then extending those refundable tax credits in both 2010 and 2012 up for the next five years, and he calls for them to be permanent in his budget. what this would do i
-- it would allow americans to remain uninsured through tax season. without a fine. the fine skill up in subsequent years in order to encourage people to join the health insurance pool. republicans are arguing that the obama administration has given breaks to businesses that would have been required to provide health insurance to their employees. republican said that is unfair that individuals will be fined when employers will not be fined. >> the white house plans to announce further delayed some other parts of the wall. what are you hearing? >> what we expect this week is for the white house to actually allow insured companies to continue to offer plans that do not meet obamacare's minimum coverage requirements for the next couple of years. it will be a major delay for the white house, when they announced this. what it will do is allow insurance companies to continue selling policies that otherwise would have been disqualified under obama's rules for minimum health-care coverage. a policy that does not have maternity care or pediatric care or mental health services included could co
-murray, it is paid for with spending cut and tax reforms. it is deficit neutral. supporting what the president said in the state of the union, there is a series of programs to create jobs. it lays out $302 billion infrastructure proposal that is paid for with pro-growth tax. it strengthens the manufacture base and supports groundbreaking research to fight disease, protect the environment and develop new technology. it enhances the administration's management efforts to deliver a government that is more efficient and supportive of economic growth. and it will expand opportunity for all-americans. it doubles the maximum value of the earned income tax credit to encourage people to enter the workforce. and makes high quality preschool available to every four year old. and drive workforce training. it will focus on the primary drivers of long term debt and deficits. it builds on the forms of the affordable care act and continues to slow health care cost growth while improving the quality. it will curb tax breaks that benefit the wealthiest. it calls for pro-growth immigration reform. the deficit has bee
a compromise that included spending cuts in exchange for tax revenue. unfortunately, his compromise and the other compromise discussed did not make it through. the committee, in a sense, failed to come to conclusion to propose to the senate and the house a compromise that could be lived. .. >> i want to welcome the senator from pennsylvania senator to me. >> toomey. >> excuse my voice it sounds worse than it is. think you for having me today and for his kind introduction and from universal health services it was allen's idea that i'd be invited to speak with you this morning and i appreciate that but i was a little surprised to be honest because allen knows about my notorious weaknesses with the public speaker and invited me any way. i say notorious for meet -- for be the department of public speaking made clear by only a smile -- of small child. i have three little kids into are not so little but my eldest is a little girl when she was in the second to parade the school had a program where you are invited to come into the class to explain what you do for a living. i stood up in fro
we'll dig into the president's budget. he's proposing new tax cuts to help with child care costs and support low-income workers. we'll talk to the top house democrat on the budget, congressman chris van hollen, right after the break. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ at boeing, that's what building somthoughtful combinations,ut. artfully prepared. fancy feast elegant medleys. inspired dishes like primavera, florentine and tuscany. fancy feast. a medley of love, served daily. yeah? then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. silence. are you in good hands? bulldog: bulldog: [yawn] i just had a dream i was at mattress discounters with tempur-pedic and the largest selection of memory foam mattresses under one roof! icomfort, by serta... optimum, by posturepedic... ahh! comforpedic,
, totaling almost $4 trillion. it includes new tax hikes to offset additional spending for education and job-training. but republicans say it does nothing to address the nation's fiscal challenges. we'll discuss its approach to helping low income americans, later in the program. israeli prime minister benjamin netanyahu is warning the u.s. and the world against letting iran go ahead with any part of its nuclear program: he spoke in washington, a day after meeting with president obama. >> the leading powers of the world are talking about leaving iran with the capability to enrich uranium. i hope they don't do that because that would be a grave error. it would leave iran as a threshold nuclear power. >> woodruff: netanyahu also said that far from easing sanctions on iran, the world should increase them. he also urged the palestinians to recognize israel as a jewish state, if they really want peace. the process of removing syria's chemical weapons is picking up pace. the dutch diplomat overseeing the operation said today the assad regime has handed over six shipments of toxic agents. she spoke
kind of world war ii camp. allen with al jazeera, north idaho. >>> a tax break for more than 13 million americans, president obama set to unveil the new budget this morning and tell you who will benefit the most if that proposal makes it through congress. plus you might call it thc-tv, marijuana commercials could be coming to a television society near you and life gave them lemons and they made lemonade and going to school. >>> if you think durant is the mbp lebron says not so fast and we will talk about the record in south beach. ♪ welcome back to al jazeera america, i'm stephanie sy, israel's prime minister is pushing back against u.s. diplomacy in the middle east and met with president obama on monday and discussed a framework for reaching a pack with the palestinian and netanyahu had frustration for, syria and iran and to have compromise israel must be secure and netanyahu will deliver the keynote speech to the american, israel publish affairs and apac is the largest and pro-israel lobbying group in the u.s. and as you can see libby casey is joining us from washington and good mor
for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone lines are open. ruben in philly on the line fo
: this rallies the base and expands college access and education for young, poor kids and expanding tax cuts for those in poverty and similar measures the democrats ran on and appreciate. it is a policy document used as a tool for 2015-2016 the final years of the obama presidency. we wants to get something done before leaving. he is figure out a policy plan for the final two years. >> host: is it realistic this plan can get through congress? >> guest: no, i don't think anyone expects the entire budget will pass. i don't think that is that has ever happened. but some things might have opportunity for bipartisan compromise. the business tax code reform would generate revenue to build bridges and roads and generate jobs and that is similar to a proposal that dave camp, the chairman of the house released last week. so ideas in the budget could be ground for compromise. >> host: does he indicate where he is going to act alone? >> guest: there is not so much of that. the president has a robust executive action plan he is implementing and he is taking action and has many more this year. the whiteho
taxes for low income families, and increase spending on bridges, roads, and job training. expected toare block the president's budget and offer one of their own. secretary of state john kerry has landed in kia for talks about the future of ukraine. itsce on reducing dependence on russian natural gas, we ask mike to hear from both senator kerry and president obama. putinheard from vladimir for the first time since the outbreak of the prices -- crisis. ryan joins us now from kiev. how did you interpret vladimir putin's remarks? >> the main thing about 's presst putin conferences that we got a sense of what he is thinking. ultimately copy is the only person who knows where this conflict is going to go. for the take away was time being he has no intention to escalate things. he said several things during that press conference, one, he said that he saw no need to send troops into ukraine yet. that was a bit cryptic, because ukraine says there are already 16,000 russian troops in crimea. what he needs, i think, is beyond crimea. into eastern ukraine. he also said that russia has no intention o
the clinton administration and congress last raised the gas tax. that was 21 years ago when gasoline was $1.08 and i wonder if barack had even met michelle and there it remained for 21 years. due to inflation and fuel economy increases, the average cost per mile that the american motorist pays to the federal government for transportation has been cut in half. i went on the budget and the ways and means committee the last eight years in order to deal with this issue, but frankly i'm tired of waiting. i introduced a gas tax increase phased in over three years to fully fund a six-year re-authorization. was pleased to be joined by friends during my bill introduction by the u.s. chamber, the afl-cio, truckers and a.a.a., transit, local government, environmentalists, road builders. i find it hard to say people will say this will be a heavy lift because there's little support for it. when chairman camp offered $150 billion last week in his tax reform bill, what president obama suggested $300 billion, where was their broad base of support? maybe that's why both proposals were called dead on arrival
. >> well, except for the $1 trillion in new taxes, and he has not yet postponed the individual mandate. so if you don't have health insurance, you are going to face penalties starting next april that is one of the most unpopular parts. >> right. i forgot. you're right. all this stuff should be frozen. i'm not being partisan. i have no idea who will win the eek electric. all i'm saying is nobody likes this anymore. obama doesn't like this anymore. his advisers don't like it anymore. his supporters don't like it anymore. the next will be state-run single payer and that's got to be stopped. the president has already changed this 20 times, most of them illegally. obama is repealing obama care with his pen illegally. the voter should do this through the representatives in congress to make it legal. what the president is doing is against the rule of law. we've got to do this through the process. you're right. basically what he's doing is putting off the uncomfortable parts of this until he gets out of office to leave the mess for the next person. and leave the overall taxes. you've got to go bac
. tonko, will pick up the energy piece. but in the president's budget there are these key sectors, tax policy, education, research, infrastructure. let's start at the bottom and work to the top. the president's proposed a $305 billion, four-year transportation program for the united states. anybody that's driven today or east e west coast coast knows we have gridlock, we have transportation problems of all kinds. so the president comes forward with this major initiative, really a significant increase in what we have done in the past. he wants to focus it first on repairing what we already have. the pot holes, the bridges that have fallen down, and others that might. saying, let's get do that. and then he goes about building the more modern transportation systems that we need, expanding our highway program, but also the rail systems, the inner city rail, the intercity rails nd the street cars and other kinds of mass transportation systems. very, very important. and he proposes how we pay for it. he says, we ought not give the oil companies a -- the big four -- a $5 billion annual tax b
, that is senator bob mennendez. a possible tax break for 13 million americans. president obama unveiling his new budget. we will tell you if it gets an icy chill on capitol hill when that proposal makes it through congress. >> when i first started the learn with ms. sally, it was hard. it was hard. but i -- this is what i wanted to do. >> fighting illiteracy in adults. one man's journey just to learn how to read. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. >>> any minute now, israel's prime minister is set to address a key group of lobbyists. this is senator bob mennendez addressing the crowd. benjamin netanyahu will deliver his speech to the american/israel public affairs committee, one day after a closed door meeting with the president. they discussed reaching an agreemen
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one dirtion: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new busiss here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your busin can qualify at start-upny.com >>> there's beenore airborne radiionetected at a nuclear waste dump in southeastern new mexico, the same plantear the city of charlarlsbad. officials are insisting these detected levels remain well below of a public or environmental hazard. a group of scientists is now estimating that the radiation from japan's fukushima's plant could reach our west coast. scientists are being careful o what they're saying about the radio activity move iing along h it. >>> not obligated to defd laws that are discriminatory. i'm joined by two fox legal analysts. this is a peculiar thing for an attorney general to say. >> certainly when you have a federal attorney general telling states whato do. that's odd from the beginning. w
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's ly one way for your business go. up. find out if your busess can qualify at start-upny.com but when we sta worrying about tomorrow, we miss out on what matters today. ♪ at axa, we offer advice a help you break down your retirement goals into small, manageable steps. ecause when you plan for tomorrow, it helps you live for today. can we help you take a small ste for advice, retirement, and life insurance, connect with axa. lou: a powerful winter storm, shutting down washington dc along the eastern seaboard. the snowplows are doing their jobs. nevada had to be a thrill and according to one data company, but daiquiri number almost $6 billion because of the added expense and missed work days. joining us now is the "a-team." fred barnes, both a fox news contributor and let's go to "the washington post." because i think by any standard, at least online. president obama's foreign policy is
that because you're proposing cuts in benefits, tax breaks, eliminating, slowing down pay raises for some of those on military duty that you are in fact trying to balance the budget on the backs of these people who fought these wars. >> well, first of all, that's just not true. we're not making any recommendations on any retirement changes we're going to wait until the retirement commission was was impaneled if we need to do anything on retirement. this isn't just an arbitrary, unilateral approach to trying to slow the growth just to slow the growth. we've got to look at the long term commitments to our people. half of our budget today in the pentagon goes to pay compensation retirement and medical care. that will increase significantly. we're not cutting, we're proposing slowing growth in certain areas. tax cuts, we're not cutting anybody taxes. we're asking for specific considerations. in areas where we are slowly, eventually reducing the growth of pay increases. there will still be pay increases. other areas, we think these responsible, we don't think it breaks faith with our people. b
for expansion of tax credits for the middle class and working poor which the white house says is part of his state of the union pledge to boost economic opportunity for all americans. michelle joins us now from the white house. michelle, how do you think this plays out politically considering how gridlocked things are in washington right now? >> reporter: does this have a chance of passing, you're asking? in a word, and you may already know the answer, no. in presenting this budget proposal, president barack obama wants to address the most difficult issues americans face making living and paying for cost of living. working poor, working minimum wage and working full time. they don't have the tax credits workers with children do. obama wants to expand to workers without children, younger workers. this budget contains $60,000 billion worth. obama wants to help obama pay for child care, tax credits for people with young children, pay for education and save for retireme retirement. republicans have problems with it in specifics like closing tax loop hohole loopholes. some say this does nothing t
pay for some of his suggestions it would include a buffett tax, named for warren buffett, to go after high income americans and boost taxes on airline passengers and tobacco products. the president made the pitch for his blueprint at a washington, d.c. elementary school. >> as a country. we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> republicans quickly pounced, saying the president's budget would increase spending by $791 billion over ten years. it never balanced and would add $8.3 trillion to our debt in the neck decade, and they said after mr. obama has raised taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com the next time you nt a dvd, don't bother rewinding it. the way i see it, it's t next guy's problem. oh, larry. she thinks i'm crazy. mm-hmm. but would a crazy person save 15% on car insurance in just minutes? [ chuckles ] [ malennouncer ] 15 minutes for a quote is crazy. with esurance, 7½ minutes could save you on car insurance. welcome to the modern world. esurance. backed by allstate. click or call. >>> they have requested now a one-week delay for her, so the suspense continues on that front. this is a woman whose organization was targeted by the irs testifying before congress at a hearing last week. jenny beth martin says it took three years, two months, ten days and tens of thousands of dollars for her o
break fast. >>> coming up on "morning joe," congressman dave camp with his new tax plan that is drawing fire from both sides of the aisle. andy serwer will be us and the ice skating duomeryl davis and charlie white will join us. here is bill karins with a check on the forecast. >> no more doritos? >> we got them. >> oh, one more! >> oh! >> eat the whole thing. >> that is a step away from joe scarborough who just leaves it sitting -- >> learn from the master. >> what is the weather? >>> two storms for the west coast. the first in california yesterday and the second one is out in the pacific. this is the big one and waiting for. it's not going to end the drought but take a dent out of it. areas up there in the mountains, we could see up to four feet of snow in the mountains of california. this is much needed. we are predicting about 2 inches of rain and maybe 3 inches of rain in l.a. the most they have seen from one storm in three years. gives you the perspective of how bad this drought has been. of course, the temperatures in the northern plains. this is just brutal stuff. i mean, i know
be compromised here? >> i do not see anything. it is $1 trillion more in taxes, increasing spending dramatically, not adhering to the compromise budget deal president obama signed a few months ago. that has been a problem. we do the budget control act, and then people weasel out of that. they do a compromise, and the first piece of legislation violates that. of course, this president is doing nothing to address the two thirds of the budget, the transfer payments, entitlement programs, that are on an unsustainable path. i do see a lot we can compromise on here. i happen to like the budget, but it is, relatively speaking, a non-event. there was a key agreement struck two months ago by the house represented by paul ryan, the senate represented by patty murray, in terms of discretionary spending and the key items within the discretionary account. second of all, this is a congressional election a year, obviously. i do not think this budget, which i happen to like, is going anywhere. >> what do you like about it? >> the deficit is going down considerably. >> is that from fiscal reform or from the econ
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
that is favored by republicans. president obama wants to expand the earned income tax credit for another 13 million americans. that program gives tax breaks to the working poor. the president would pay its $60 billion costs by closing loopholes for wealthier taxpayers, $300 billion for highways bridges and transit. the budget is nearly $4 trillion. that's slightly higher than the current budget. >>> the president is trying to put the middle east peace process back on track this morning, meeting with prime minister benjamin netanyahu monday. they discussed syria, iran and stalled negotiations with the palestinians. pressing netanyahu to meet a compromise. netanyahu says israel is doing its part. >> the best way is to do this is be strong. that's what the people of israel expect of me to stand strong against russia, to stand strong. >>> this morning the fight against cell phone theft is gaining some momentum. new york congressman's bill comes after a similar push in the senate. elaine quijano looks at the controversy that's also getting support from the police commiss
. the highlight is a massive expansion of the earned income tax credit. the 13.5 million more workers would be eligible for $60 billion in credits. also included is billions for roads and rails. it's spending, the white house says, will bolster the economy. but republicans say the president's budget is dead on arrival, complaining that it runs up the long-term national debt. >>> attorney general greg abbott easily won the primary for governor, the first gop nominee in more than a decade. is he pushing for more freedom and less government. >> we must never forget that the rights that we have, they don't come from government. instead those rights come from god. >> meanwhile, democrats are pinning their hopes on state senator weekendy davis, callingr opponent a defender of the status quo. >> i am ready to fight for you and to fight for every hardworking texan across this state. >> another member of the bush family begins his political career with a win. george p. bush, the son of former florida governor jeb bush is running for texas land commissioner. but in a stunner at least two prominent re
for managing fiduciary capital. they paid roughly 15% taxes on that. >> you are saying most of those profits came from the carried interest? >> having taken some of these top private equity managers. >> that was an income that was a shared close-out, wasn't it? >> it was. you have structured a certain category of money managers and let them get taxed at 15%. the contrast was jamie dimon this week at jpmorgan. he is essentially paying ordinary income. the women and men who manage bloomberg are just managers to pay ordinary income. >> what is the solution for you? raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the other thing. is that enough? >> it is not even close to
early childhood education and job training programs. $60 billion to expand tax credits like the earned income tax credit. what it also does is pays for crop including insurance subsidies and cutting back on certain types of tax loopholes. what this underlines is a new reality for the obama administration. it is an election year. has startedpicture to improve. take a listen to what the president had to say that. >> is a roadmap for creating jobs with good wages and expanding opportunity for all americans. at a time when i deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement progr
income taxes. is he a lawyer. he won't even name the source. but he says this stuff to slime somebody. this is a leader. this is ♪ just a rank and file senator. this is a majority leader. how does he get away with just saying awful things. >> well, listen, somebody has to push bag being back on the idea whether it be the koch brothers. >> how about george soros. talk about the koch brothers talk about george soros. >> people putting false ads on the air mary landrieu louisianans saying getting mail canceling health insurance they are all actors. that's simply not true. >> here is a way. some things are untrue. what he said all were untrue. that's his problem. and he doesn't go back to the floor and said i was wrong when i said all. and i really hammer him because is he a lawyer. and he knows, you know, getting the facts right matter. >> getting the facts right does matter. and the fact is that when there are allies of the republicans in the senate spending hundreds of millions of dollars lying about the affordable care act on the air. >> with the truth. >> the truth hurts here becau
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back to hannity, while president obama's weakness is on full display this week, his disastrous farm policy is not the only reason for major concern, here at home he unveiled a $3.9 trillion budget plan today, or should we say stimulus round two, packed with new spending, 600 billion in $6 new taxes on the so-called rich. here to defend this indefensible position. i don't know why i like you, stop laughing, don't be my friend. >> easily defensible. >> another stimulus plan. more debt, higher deficits, rob our children blind and you're all in support of it? >> it's not that i'm in support of it let's talk about what it really is. the numbers already been decided. that was the whole partisan thing that happened a few months ago, what we're going to quick et over is ho
not responded to hardworking americans who over the years have contributed taxes, maybe some of them are veterans, served in the united states military, willing to make the ultimate sacrifice. and now in their time of need we are dilly-dallying. unfortunately, we are doing so because our friends on the other side of the aisle cannot recognize that but for the grace of god there go i. these individuals are not standing in line to get unemployment insurance, they are standing in line to apply for jobs. because the people who are eligible for unemployment insurance are individuals who have worked most every day of their life, but unfortunately they have found in times of economic upswings and down swings, maybe because of their training, maybe because of being a recent veteran, that they are not able to get a job immediately. and this congress has delayed over and over again where our friends on the other side of the aisle and those republicans in the other body claim that they could not offer one vote to be able to pass unemployment insurance. these individuals need our commitment, ame
the federal tax sussydys that would help to make whatever plan more affordable. and a lot of those states where the changes haven't been working, we're now hoping the federal government is going to extend those tax subsidies to people who bought in the private market where the subsidies to my opinion were never intended for. again, it sounds like yet another change to the law that benefits the administration. but in the end, somebody is going to have to pay for it. >> this is another unilateral change, making it up as we go alone. this tends to be a trend to the administration. they basically got an irs interpretation that would allow this to paper over what was not provided for by congress. so here we go again, another lawsuit will be filed to challenge this and it will have to be decided in the courts. >> and i know that some of those claims have been proceeding. you're a former texas supreme court justice and former texas attorney general. you're very familiar with the constitution. when we hear all of on these things, a question i'm sure i get and you get it even more than i do, what
.5 million, that's how many would get a tax break, expanding the earned income tax credit for low-income americans who don't have kids and help more families pay for child care. the president would kill two loopholes, for capital gains, the other known as the newt gingrich loophole, which allows people to treat income like corporate profits. on this budget, the big number, as in how much money the government is going to spend over the next two years, that's been agreed to. this is an argument over how to spend that money. >>> next up, 8, as in the gang of eight senators who are getting an award from the largest hispanic civil rights group. it's recognizing immigration reform. the house hasn't budged on the issue. will the group of eight all show up together and accept the award? that's interesting. 60-second ad going after house republicans, by the way, for failing to bring the bill to the floor. showing you a little highlight there. deep freeze, 90.5%, that's how much of all of the great lakes are covered in ice. noaa released this map, showing the vast cold cover. that's the mos
and education. the earned income tax credit for low wage workers, and a tax loophole that significantly lowers taxes for managers. and it calls for a $66 billion increase in spending this year. >>> and the political midterms this year, expected soon in texas, the polls closed at the top of the hour, and there has been pressure in the state to get the vote out. most of the national attention, on the governor's race, heidi castro is there with more. how is the turnout today? >> with the polls close to an hour ago, we have the early voting numbers to share with you, looking at 6-8% across the state, which is higher than when texans turned out to an urban primary. most of this can be attributed to the wendy davis campaign. she's scene as the best hope for governor in 20 years. early returns from the primary show that she's well on her way to winning. however, in november, this will be a much different story. that's when davis will face-off with her highly favored republican proponent, attorney general, greg abbot. he's currently at 11 points ahead of her in the polls, and i think it's safe to say
's going to bring $600 million of revenue, 1$135 million in tax revenue alone. i think it needs warning labels like cigarettes do. people haven't talked about it. the jury is out on how effective or destructive marijuana can be on you. can it cause cancer in they don't know. can it hurt your lung capacity, cause psychosis, can it affect a pregnant woman? you can read studies on both sides. we need a defined study and warnings. if it's legalized and informed, you know the risks. i'm not a pot smoker but it can be fun. i see my friends giggling but as long as you know the downside it's fair. >> very important discussion. you're right. it should be on a national level. i want to turn to a much more serious subject. obviously what is happening in washington is you do have discussions going on between the president of the united states. the prime minister of israel was in the white house speaking about this deadline to at least get to a framework on a deal between the israelis and palestinians. when you talk to family members how hopeful are you that we can have some progress on this issue?
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, a cause greater than themselves. >> read my lips -- no new taxes. >> if you give us a chance, we can perform. after all, ginger rogers did everything that fred astaire did. she just did it backwards and in high heels. >> i just love the fact that everybody, particularly in the media, goes bonkers over the town hall. i guess it's because you lose your right to tell them what they think. the point is they'll get to decide what to think. >> tonight, the state of the union is strong and together we will make it stronger. >> well, let me just ask you, are you better off today than you were $4 trillion ago? >> that's just in the modern era here from sam houston to ted cruz, it seems that texas has had more than its share of notable politicians making national headlines. and for good reason, it's one of the most consequential states in the nation. they went for democrats in almost every election. eisenhower and nixon were the only republicans to win the state in that time period. the state was run by conservative white democrats. but as the democratic party moved to the left, the republican
while ago. he said he wants to expand tax credits for lower income americans and says he'll do it by closing loopholes that ben fit wealthier individuals. >> right now our tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely. >>> global markets are rebounding today as investors digest the situation in ukraine. even the dow jones flew out of the gate this morning. alison kosik is over at the new york stock exchange. how much have we bounced back today? >> quite a bit. what a difference a day makes. even the s&p 5
for next year. it includes tax increases on the wealthy and spending on things like roads and job training. little of it will pass the republican house. the budget would also shrink the armed forces. what might happen if tens of thousands of service members join the workforce. here's mark strassmann. >> reporter: jim reid retired from the u.s. army as a lieutenant colonel in 2011. after 27 years and nine combat deployments. he went looking for a job as a civilian. did you think at the time when i become a civilian, i'm going to have a skill set that i can use? >> oh, absolutely. i'm a nurse anestivity. so an easily transferable skill, something hospitals use every day throughout the country. >> reporter: and you still had a rough time. >> di. i did. >> reporter: reid has worked at three hospitals in three years and been laid off twice. >> it was very difficult to deal with, and it kind of made me question, you know, myself a little bit, first time in a long time that i had to do that. >> reporter: the unemployment rate for post-9/11 veterans is 7.9%, higher than the national civilian avera
an increase in the earned income tax credit yesterday in their budget. they are going to pan that. they have no intention of helping the folks earning minimum wage in our country. you know what, republicans, they should tell the truth. they should tell america that they want people to work for 40 hours a week and still live in poverty. that's what republicans are in essence saying. >> well, your state, voters at least, are big supporters of this. the recent poll shows that 71%, overwhelming numbers, in general for the idea of raising the minimum wage. and when you get more specific to $10.10 an hour, it's still a pretty strong 62%. is that how, though, this is more likely to go, is it going to be state-to-state, or do you think there is real hope for a federal minimum wage hike to $10.10? >> well, there are states that lead on the minimum wage. connecticut is one of those, vermont is one of those, washington is one of those, washington state, washington, d.c., for that matter, is another location. so i think states will lead, but i predict that the political pressure for republicans is going
. it is sad that a lot of people always want to exert power. they do not participate. and they want a tax cut. that does not make sense. final point from dana, who says president obama does not get it. he scoffed at romney forcing treatedas a foe and food and as such. such.in as will beichael crowley joining us with his assessment on options ahead for the president. we will turn our attention to afghanistan. tonight is oscar night. we want to focus a little bit on politics and washington. this week, testifying before the appropriations committee, seth rogan talking about alzheimer's. he used to status to shine a light on the problem. [video clip] >> maybe this is more appropriate for a closed hearing. the new york times article says of the cyberctor arguedraft initiative that using cyber warfare for humanitarian purposes in syria, taking steps to degrade use of air power, might be an effective tool and one that might reverse the tide of opinion. the u.s. government is using cyber capabilities for nefarious ends. do have a comment? >> i think one of the things that you and the administration d
and there is no way to start with. you just don't invade noer country on phony pre tax. in order to assert your interest will be interviewing never asked and what about iraq. what about constant threats to use force coming from washington during the sunday into secretary kerry was also asked about israel about an incident that gambles upcoming visit about the peace process. of course on those issues would hurt a very different secretary kerry careful diplomatic calling for negotiations. no appeals to the wind charter not to worry about israel breaking international on the us supporting it. to get a sense that the us is appealing to the un charter when it's in its interests and i wanted to visit any welsh fans washington should be offering lectures wellington based in hong kong pixel. there is no question either under the nineteen ninety four agreement on any sense of moral duty. any sense of national pride or simply as a matter of being a in the region that has the power to prevent chaos. there's no question that russia is within her right to protect these people in this plan absolutely no que
safety issues these to educate drivers. let's just say is your tax dollars at work. >> for example, the driver of this truck was holding his cell phone while he was driving. this is in violation. >> so this officer will have a chat with him. he was one of many looking for distracted drivers 3 >> the sure phone have a desk- >> the driver stated, this is a truck that i never dry. my car has chance for a, i just happen to be picking up something. >> if so, the first time he was not driving handsfree, he got caught. >> it is not always about giving out ticket but about educating the driver. >> this is not want to be any of that. they would know that you have been stopped before for been on your cell phone. >> this person was also quoted as cell phone. when officer approached, she said she was not driving. >> the you know you are operating at card use and is wrong? >> listen what she says when i talk tour. >> how're you today? >> fine. how're you. >> d. no i am. >> you are the behaving badly guy. >> why am i here? >> because i was caught the had been badly. >> he could not resist search
to oppose closing a single tax loophole. they've -- senate republicans oppose closing even a loophole for these oil companies or corporationcorporations that shs overseas. and this benefits the koch brothers. senate republicans have proposed asking billionaires to pay the same higher tax rate as middle-class tax families, as so illustrated by wa warren buffet. they have proposed workplace standards that might cost the koch brothers a few extra dimes, a few extra dollars, maybe. and the koch brothers are returning the favor with huge donations to republican senate candidates, either directly or indirectly. senate republicans, madam president, are addicted to koch. in fact, senate republicans hardly need the nrsc anymore, which for decade after decade was their main funding tool for the republican senate. not any longer. the koch brothers take care of that. besides, the nrsc can't hide its donors' identities, like the koch brothers' funding groups can. senate republicans call this freewheeling spending by anonymous donors nothing more than free speech -- free speech. senate republicans
because it takesed a advantage of certain parts of the tax code. kf private equity survive especially if there is significant reform coming out of washington? >> i think in general private equity gets a bad wrap. i have been on both sides. if you go back and look at the numbers and the jobs and the companies that private equity had saved, it is significant, kelly, and i don't think private equity gets the benefit of saving company, saving jobs, anç returning them to prosperity so that they can either ipo or they become an important part of a strategic acquisition. >> because all the same people will say that's great that you're helping to make, you know, these companies more efficient, perhaps help them innovate in some cases. why is it that the gains that you make in a compensation model that is the envy of most industries, why is it that you should be able to get a lower tack rate on those gain that is you don't have to pay the income tax rates that most of the people would? >> my point of view on that is most of the senior private equity guys i talk to, you know, if the laws were
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